New rules will limit the hurt from medical debt

Forgot about that medical bill? Don’t stress!

Beginning Sept. 15, the three main credit bureaus will enact rules they agreed to back in 2015 that require them to provide a 180-day cooling off period before any medical debt goes onto a credit report.

Equifax, Experian and TransUnion agreed to the rules as part of a March 2015 settlement with the Attorney General of New York and subsequent settlements with the attorneys general of 31 other states. Thankfully, the rules are being adopted nationwide.

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